04:25:25benkay:i met an ex-teacher while drinking beers after closing a deal the other day. he mentioned teaching sex-ed in an abstinence-only situation, and when I asked him "so how do you actually teach them?!" he said something along the lines of "well the smart ones can read between the lines"

04:25:44benkay:this dodges entirely the question of how to educate the idiots who aren't reading, much less inferring.

04:51:34nubbins`:"The condoms should have had more realistic pictures on them. Such as a teenager laying in bed with a baby crying in the background and an alarm clock showing 2 am, or a teenager with a paper hat on cooking fries."

12:44:07nubbins`:"Verge originally intended to become a teacher, but changed her mind after one year at Memorial University. She spent the next two years at Nova Scotia Community College completing a photography program, hoping to become a photojournalist."

12:50:48nubbins`:"If she could go back to her senior year of high school, Verge would make different choices, namely being more certain of what she wanted to study before spending $8,000 on a year's worth of university tuition, books and living costs."

12:51:06Neil:Yeah that kuka thing was a letdown. I was looking forward to having sthg interesting to watch when I got back home.

12:56:13Neil:Clearly kuka not even close to being able to cut the mustard

12:58:27mircea_popescu:nubbins` "If she could go back to her senior year of high school, Verge would make different choices, like hooking up with guys that beat her into sense and spend $24 a day on stockings alone rather than the current looser she's hitched with"

13:02:23moiety:" It took two people to hold the camera, probably because it was heavy as fuck."

13:08:54asciilifeform:'graduated in 2008 with about $25,000 of debt ? just about the national average. More than five years later, she has only managed to pay back about $2,000.' << where did this kid work - Butugychag?

13:10:37Neil:mircea_popescu: I don't remember you taking a 1% fee on such cancellations before on Bitbet.

13:35:03CheckDavid:cazalla: if you get a shitty job you don't have to pay debt?

13:35:05cazalla:shipped to china like all the copper that gets knocked off i guess?

13:35:29moiety:i know a guy who was trying to flirt with a girl a few years ago by giving her some bitcoins.... she contacted him when they hit $1k to tell him, she paid for her college tuition with them :)

13:35:39cazalla:CheckDavid: you are only required to begin paying the debt once you earn over x amount

13:35:47asciilifeform:'Having bits of the landscape disappear can be a rude surprise. One summer I arrived in St. Petersburg and found that a new scourge had descended on the land while I was gone: a lot of manhole covers were mysteriously missing. Nobody knew where they went or who profited from their removal. One guess was that the municipal workers, who hadn't been paid in months, took them home with them, to be returned once the

13:35:47asciilifeform:y got paid. They did eventually reappear, so there may be some merit to this theory. With the gaping manholes positioned throughout the city like so many anteater traps for cars, you had the choice of driving either very slowly and carefully, or very fast, and betting your life on the proper functioning of the shock absorbers.'

13:38:36cazalla:moiety: not sure if any are exempt but you can go back again and again to rack up more debt

13:38:42mircea_popescu:Neil no 1% was charged (site does indicate that, but it's erroneous). the tx is 3a01762308fc1c9b36478d3bb4c3198eb69f3c29ab24af2e4520727c7fa9c79c3a01762308fc1c9b36478d3bb4c3198eb69f3c29ab24af2e4520727c7fa9c79c once it propagates you can check it.

13:40:13mircea_popescu:asciilifeform that looks like it could propel the boat, in a spot.

13:50:06ThickAsThieves:“Zero transaction fees is the future,” Li said. According to him, the freemium business model is the new norm of the twenty-first century, and no industry, not even financial services, is safe from its disruption.

13:56:17mircea_popescu:"Love what your doing but I see you do not send to the UK. My company are about to leash a few ATMs on the UK and would love to get a hold of perhaps your ai or pdf so I could print some off to give to everyone who is attending our launch in Feb."

13:56:59mircea_popescu:anyway, there's tons of these outfits consisting of basically one guy and his adobe illustrator pretending to be in some form mass movements.

14:24:55nubbins`:because i have no reason to believe that you're capable of anything besides hanging around here and bumming for money

14:25:09ninjashogun:it's the same thing - something marketable that needs something up-front. You can't just ask people to speculate, you should extend the possibility of a loan to cover information asymmetry and personal responsibiilty. I wouldn't be gamblign with otehr people's money

14:26:33nubbins`:bitcoin is littered with the corpses of people who had better ideas and more resources than you

14:26:41ninjashogun:nubbins`, that's not true. I guarantee 100% that there are people int his channel who know what vision algorithms are, and what electronics engineering and embedded programmigng are. 100% guaranteed.

14:28:05ninjashogun:It's not an "idea', first of all, I'm working on a company that was founded mroe than a year ago and has assigned IP as well as fullz developed prototypes that prove concept, using vision, some robotics elements, arduino, etc.

14:29:14ninjashogun:I am looking for something similar to what I found before, which is someone who is interested in exploring the idea with me and would do so without necessarily having any big personal interest in it, other than obviously not losing money on it.

14:30:23ninjashogun:So, it was not people, it was one person, and he didn't leave but continues to express 'definite' interest (we've prepared loan paperwork, etc). I!ve pressed several times for a firm closure and he's repeated definite interest (instead of taking the chance to say, look, it's not that interesting to him)

14:31:16ninjashogun:The main reason I ask here is because it is people who are technical (almost by definition), have early vision and interest (almost by definition) and in many cases have enough funds that they can consider helping me on such a basis. Some people ahve been interested but the amount is too larger for them, I understand but that is nto the kind of person I'm lookiing for.

14:48:44nubbins`:...i didn't think you could put them together like that

14:49:59bitcoinpete:"Bitcoin enthusiasts don’t generally spend any time thinking about privilege. But greater computer literacy among the poor and easier-to-use interfaces, along with addressing tech’s gender problems should be a goal we all strive toward."

14:50:43bitcoinpete:"t’s not essential, or possible, that the privilege crowd fully understand bitcoin or that the bitcoin crowd fully understand privilege. What would be very helpful, however, is for both parties to admit the vast sums which comprise what they do not know."

14:56:10bitcoinpete:"If we really want perspective on privilege, the global implications of an easy to use payment system must be taken into account for its efficiency in providing aid directly to people all over the world—especially disadvantaged women, many of which must raise families on low resources while their partner finds work in more economically healthy areas."

14:57:15mircea_popescu:but ah well. most idiots manage to become useful in some manner.

14:58:12bitcoinpete:"Bitcoin cannot possibly be limited to only the privileged as anyone (even people in Kenya) can gain access to it through standard cell phones, a tool which the developing world has increasing access to."

15:21:33mircea_popescu:Neil tbh it always was pretty well arbed, in the sense that i occasionally try taking one side and i have yet to come to a situation where i wasn't covered properly by the other side

15:25:32Neil:Yes, to some extent the other side will come in to make up the odds (witness the recent CME bets) but there's still some friction. The large CME bets were ballsy and I guess should be worse than evens but an equal amount to the opening bet hasn't come in yet.

15:37:40diametric:Satoshi dice would be very easy to attack since it's blocked in the US, which causes most US visitors to use TOR, which is easy to MITM especially since Satoshi Dice doesn't use https.

16:19:26dexX7:somewhere in the reddit comments they said there will be some kind of authentification. like: you claim you are mp and insert his twitter handle, but to proof it, you'd need to post a verification tweet

16:20:13mircea_popescu:meh there's in principle 5k "services" like that and no barrier to entry

19:14:36mircea_popescu:the20year2 this dovetails nicely into your earlier curiosities re listing on mpex w/o an account. itstands to reason that large financial institutions that have their own account can keep their accounting straight ;

19:14:57mircea_popescu:whereas small players will have to retain the help of an investment banker, in which case they get auditing as a packaged deal anyway

19:18:56joecool:i've seen more than a few domains get jacked from social engineering, the best are ones that clone the site, set up shop somewhere without many laws (romania?), then monetize the stolen site

19:22:59thestringpuller:i was talking more about an attacker getting access to mpex key via the proxy

19:23:07thestringpuller:but I don't think the proxy decrypts trades just announces

19:23:44joecool:mircea_popescu: skimmers are a bigger threat if you can duplicate the magstripe, but most non-US countries figured that out and went chip and pin

19:24:26mircea_popescu:not what i meant. what i meant was, fraudster sells the merchandise to ignorant buyer, gets irreversible payment from him

19:24:29joecool:ie. if i walk into a store with a stolen magstripe you don't know i have, i can purchase goods and even if there's a chargeback, it only claws back from the store those goods were bought at

19:24:40mircea_popescu:you can reverse all you want, it;s not really helping much

19:30:54the20year2:an0 looks pretty simple, and my idea was to publish something non-gaap anyways since i don't think we can count bitcoin in that, and we'll always have btc balances onhand, so I planned on issuing non-gaap reports at the same time the gaap ones were done (TSLA does that)

19:31:17thestringpuller:mircea_popescu: MPOE will still pay dividends from new sign up fees no?

19:56:48mircea_popescu:mike_c put that in perspective. the bezzle is the bezzle. people who are authorised to handle the imaginary portion of the monetary base may do X Y Z types of things. people who are not, however, may not.

19:57:15mircea_popescu:a trillion dollars is not much loss for usg ineptitude. a hundred grand is too much gain for real world people,

19:57:30mircea_popescu:for the directly obvious reason that the trilion in question doesn't really exist.

19:58:01mike_c:the asset seizure laws are what get me.. they are just unbelievable.

19:58:20mircea_popescu:the system is desperate to acquire as much as possible of the real portion of the monetary base.

20:10:11mircea_popescu:In large part, however, we feel that high quality ownership can be attracted and maintained if we consistently communicate our business and ownership philosophy - along with no other conflicting messages - and then let self selection follow its course. For example, self selection will draw a far different crowd to a musical event advertised as an opera than one advertised as a rock concert even though anyon

20:10:18mircea_popescu:Through our policies and communications - our ?advertisements? - we try to attract investors who will understand our operations, attitudes and expectations. (And, fully as important, we try to dissuade those who won?t.) We want those who think of themselves as business owners and invest in companies with the intention of staying a long time. And, we want those who keep their eyes focused on business resul

20:10:24mircea_popescu:Investors possessing those characteristics are in a small minority, but we have an exceptional collection of them. I believe well over 90% - probably over 95% - of our shares are held by those who were shareholders of Berkshire or Blue Chip five years ago. And I would guess that over 95% of our shares are held by investors for whom the holding is at least double the size of their next largest. Among companies

20:10:31mircea_popescu:with at least several thousand public shareholders and more than $1 billion of market value, we are almost certainly the leader in the degree to which our shareholders think and act like owners. Upgrading a shareholder group that possesses these characteristics is not easy.

20:10:35mircea_popescu:Were we to split the stock or take other actions focusing on stock price rather than business value, we would attract an entering class of buyers inferior to the exiting class of sellers. At $1300, there are very few investors who can?t afford a Berkshire share. Would a potential one-share purchaser be better off if we split 100 for 1 so he could buy 100 shares? Those who think so and who would buy the stoc

20:10:42mircea_popescu:split or in anticipation of one would definitely downgrade the quality of our present shareholder group. (Could we really improve our shareholder group by trading some of our present clear-thinking members for impressionable new ones who, preferring paper to value, feel wealthier with nine $10 bills than with one $100 bill?) People who buy for non-value reasons are likely to sell for non-value reasons. Their pre

20:10:47mircea_popescu:sence in the picture will accentuate erratic price swings unrelated to underlying business developments.

20:10:56mircea_popescu:apparently a smaller amt of phone number isn't better after all!

20:22:49bitcoinpete:"Those in the 21st century who are most enamored of the word privilege—and often wield it as a bludgeon—make two mistakes. First, as Skwire shows us, they underestimate the complexity of power dynamics and social context. But they often take it a step further. In the name of reducing their newer, fuzzier kind of social privilege, they often advocate increases in the simple, old-fashioned, government-based variety."

22:00:39mircea_popescu:(this is useful for the fractional reserve business not exactly because it improves cash flow, which it does not, but much moire because it allwos it to "see into the future", as it were, ie to know ahead of time what financial resources it will need down the road)

22:31:25dexX7:Firestartr's team has been behind €6.7Bn in transactions over the last 20 years; a dozen trade sales and IPOs and started eight companies from scratch covering brands like Skype, Orchestream and Geneva. Our current community of ventures includes names like Rightster, Teleportd, Badoo, Pusher, Fanatix and UC4 Software.

22:46:59mircea_popescu:more importantly, the purported auditor does not substantially exist. it consists of a recently registered, domain-by-proxy website, upon which some random copy has been plastered.

22:47:11nubbins`:BingoBoingo: yeah, you tell him that there's no way in hell and that he's wasting his time, and he tries to argue that it's worth his time and it's totally a possibility

22:47:19mircea_popescu:this copy fails the form test, and more importantly makes some claims, which would seem to be false.

22:47:56mircea_popescu:specifically, their claim as to be behind badoo is immediately suspect, seeing how a) badoo is not particularly a respectable venture and b) it is run by a certain group of russian folk, well known to be disreputable.

23:06:44nubbins`:a local subsidiary of bell that you've never heard of

23:08:11nubbins`:this was back before wireless routers were a common thing

23:10:47dexX7:nubbins`> the point is to make it annoying enough to make you want to spend the dollar it takes to buy credits ;p < flip the statement: it's more comfortable to buy than to leech. kinda nice approach btw.